Rising terrorist activities, border intrusion from northern, western and
eastern borders, civil unrest, increasing defense spending and growing
localization of defense equipment have led for the growth of Night Vision
Devices (NVDs) in India. Over the last five years, India’s defense spending has
increased significantly due to the need for modernizing defense equipment,
rising terrorism and strengthening border security. The defense spending reached
$53.8 billion in 2015, growing at a CAGR of 3.1% during 2010-15, resulted in the
demand for equipment such as night vision devices (NVD).

According to 6Wresearch, India Night Vision Device market is projected to reach
$215 million by 2022. Currently, fixed-mounted night vision devices accounted
for majority of the market revenues, followed by scope, handheld and
head-mounted type of NVDs. The market for NVDs registered demand from
tri-services (Army, Air Force and Navy). NVDs are extensively getting deployed
for border security & surveillance applications. Presently, 2nd generation NVDs
captured key share in the market; however, the trend is now shifting gradually
towards 3rd generation NVDs.

Amongst all applications, army application segment acquired largest revenue
share owing to deployment of NVDs for border security, counter insurgencies,
surveillance and other military applications. Over the next six years, army
application segment is forecast to grow at a relatively higher CAGR attributed
to increasing coverage of NVDs toward surveillance application coupled with
deployment of handheld NVDs for infantry units.

The report thoroughly covers NVDs market types and applications. The report
provides an unbiased and detailed analysis of the on-going trends,
opportunities/ high growth areas, market drivers which would help the
stakeholders to decide and align their market strategies according to the
current and future market dynamics.

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